GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The markets catering the need of short term funds are called____
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Insurance
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Money Markets
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Capital Markets
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None of these
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Explanation:
Detailed explanation-1: -Money market refers to the market for trading of short term securities and funds. Securities traded in the money market have a very short maturity period ranging from one day to one year. Such assets act as a close substitute for cash or money.
Detailed explanation-2: -The money market is a market for short-term funds which deals in monetary assets whose period of maturity is up to one year. Generally money market is the source of finance for working capital.
There is 1 question to complete.